Wolves Cut Matt Ryan, Convert Daishen Nix To Two-Way Deal

1:20pm: The moves are official, per RealGM’s transaction log.

11:16am: The Timberwolves are making a roster change ahead of the regular season, according to Shams Charania of The Athletic, who reports (via Twitter) that Minnesota will waive sharpshooter Matt Ryan and convert Daishen Nix‘s Exhibit 10 contract to a two-way deal.

Ryan appeared in 34 total games for the Lakers and T-Wolves in 2022/23, averaging 3.6 points in 9.1 minutes per game while making 38.1% of his three-point attempts.

Ryan’s ability to hit outside shots – he’s a career 40.1% three-point shooter in 37 G League regular season appearances – helped earn him a two-way qualifying offer from Minnesota in June, and he eventually accepted that QO in September. However, he’ll lose his two-way spot just a few days ahead of opening night.

Nix, 21, had a solid preseason for the Wolves after joining the team on a non-guaranteed camp deal, averaging 6.0 points and 3.3 assists in just 10.6 minutes per contest, with a red-hot shooting line of .571/.750/1.000.

The young guard already has 81 games of NBA experience under his belt with the Rockets, having spent the last two seasons in Houston. He averaged 3.7 PPG and 2.3 APG in 16.0 MPG (57 appearances) in 2022/23.

Nix will join Luka Garza and Jaylen Clark as Minnesota’s two-way players, while Ryan will become an unrestricted free agent if he passes through waivers without being claimed.

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